L.E.K. Consulting partners with ANDHealth to advance Australia’s digital health sector
Global strategy consultancy L.E.K. Consulting has teamed up with Australian digital and connected health organisation ANDHealth to advance the sector’s commercialisation and real-world impact.
ANDHealth works closely with more than 1,200 digital and connected health companies of various stripes across the country, providing commercialisation skills training and accelerator and incubator programs among other areas.
As per the new partnership agreement, L.E.K. Consulting will now back ANDhealth’s endeavours through substantial in‑kind strategic and analytical support to evaluate the impact of emerging health industry organisations.
The aim is to lay bare the numbers behind Australia’s digital health impact in order to help scale home-grown evidence‑based technologies both nationally and abroad, placing the country on the global stage for health innovation while also providing a healthy boost to the local economy – not to mention the substantive benefits flowing on to our medical providers and patients.
“Australia is home to world‑class digital health innovators, but many still face critical hurdles in demonstrating impact and scaling into complex health systems,” said L.E.K. Consulting’s Australia managing partner Stephanie Newey. “We will help quantify outcomes, benchmark performance and surface insights through this partnership that can guide smarter investment, policy and adoption decisions.”
Advancing the digital health sector
Obviously impressed, L.E.K. Consulting in 2024 conducted an independent study of ANDHealth’s accelerator program and found it outperforms other leading accelerators across technology and health as to all major outcomes. For every dollar invested, almost $20 in capital was raised and $4.20 in gross economic value delivered, while 56 jobs are being created for every $1 million raised.
L.E.K. Consulting notes that latter figure as being 14 times greater than the International Monetary Fund’s equivalent benchmark of just four jobs for every $1 million. The firm also pointed to the digital and connected health segment’s explosion in Australia in recent times, growing at a rapid clip of more than 50 percent year-on-year since 2019 in part propelled by the global pandemic.
“This partnership with L.E.K. Consulting gives us a rigorous, independent lens on the impact our portfolio companies are having on patients, health services and the economy, from capital raised and jobs created through to clinical trials and patients impacted,” said ANDHealth chief executive Bronwyn Le Grice, who holds a masters in commercial law from the University of Melbourne.
Meanwhile, Monash University is among ANDHealth’s existing core collaborators, alongside the Royal Melbourne Hospital, Murdoch Children’s Research Institute, Telstra Health, Planet Innovation, and the Peter MacCallum Cancer Centre among others, including industry partners such as intellectual property and executive search firms FB Rice and HPM Executive.
Le Grice, who established ANDHealth in Melbourne in 2026, continued: “By combining ANDHealth’s deep sector expertise with L.E.K. Consulting’s strategic and analytical capability, we can show – with real numbers – how Australian digital and connected health companies are moving from promising concepts to globally competitive, evidence-based solutions.”
